{
  "id": 1369058,
  "title": "Tabung Haji weighs UK property exits as portfolio review begins [WATCH]",
  "url": "https://urgent.news/2026/08/16/tabung-haji-weighs-uk-property-exits-as-portfolio-review-begins-watch",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-16T23:01:29.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/news/nation/2026/08/1512658/tabung-haji-weighs-uk-property-exits-portfolio-review-begins-watch"
  },
  "original_language": "en",
  "account": "Tabung Haji, Malaysia's sovereign wealth fund, is evaluating its UK property investments, including the Great Minster House, as part of its portfolio review. The fund is mapping out strategies to enhance performance and resolve valuation disparities. Tabung Haji stated it is assessing the optimal strategy for each asset, with a focus on improving asset performance, addressing valuation gaps, and determining an orderly exit, if deemed necessary.\n\nGreat Minster House, a six-storey freehold office building in central London, was acquired by a Tabung Haji subsidiary from Sinarmas Land Ltd in 2022 for £247.5 million. The building, primarily occupied by the UK Department for Transport, was leased to the UK government until 2033, generating a long-term income stream for the fund. The acquisition marked Tabung Haji's sixth UK property investment, according to its former group managing director, Datuk Seri Amrin Awaluddin.\n\nTabung Haji's 2022 annual report revealed that the purchase aimed to diversify and expand its property portfolio, adding to a UK property portfolio built since 2012. The broader UK exposure has since drawn scrutiny, with Tabung Haji's chairman, Tan Sri Abdul Rashid Hussain, describing the portfolio as a \"legacy issue\" that is \"bleeding us.\" The fund aims to address underperforming assets as part of its portfolio review.",
  "summary": "KUALA LUMPUR: Tabung Haji is reviewing its exposure to property investments in the United Kingdom, including Great Minster House, as it maps out strategies to improve performance and address valuation gaps.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}